Apply for a car loan online or visit any Metrobank branch in the Philippines. Wherever, whenever, you can choose the application method that suits you best. 

Easy application process

A competitive car loan rate makes owning your dream car more affordable and manageable. 

Competitive rates

Your Metrobank Account Officer will guide you throughout the whole process.

Personalized service

A Metrobank Car Loan offers a smooth and affordable way to get the car you've always wanted. Here are some of the benefits you can enjoy:  

Drive your dreams

Let us help you get the car of your dreams with a Metrobank Car Loan.

Ready to upgrade the way you travel?

Metrobank offers competitive car loan rates to help you drive your dream car.  

*Our prevailing car loan rates are as follows:*

<table><thead>
 <tr style="color:#ffffff; background-color:#2a317d">
	<th></th>
    <th style="text-align: center" colspan="2"><font color="white">In Arrears</th>
    <th style="text-align: center" colspan="2"><font color="white">One Month Advance (OMA)</th>
  </tr></thead>
<tbody>
  <tr style="color:#ffffff; background-color:#2a317d">
    <td style="text-align: center">Term</td>
    <td style="text-align: center">Add-on Rate</td>
    <td style="text-align: center">Effective rate (p.a.)</td>
    <td style="text-align: center">Add-on Rate</td>
    <td style="text-align: center">Effective rate (p.a.)</td>
  </tr>
  <tr>
    <td style="text-align: center">12-months</td>
    <td style="text-align: center">4.91%</td>
    <td style="text-align: center">8.94%</td>
    <td style="text-align: center">4.22%</td>
    <td style="text-align: center">7.70%</td>
  </tr>
  <tr>
    <td style="text-align: center">18-months</td>
    <td style="text-align: center">7.20%</td>
    <td style="text-align: center">8.91%</td>
    <td style="text-align: center">6.46%</td>
    <td style="text-align: center">8.01%</td>
  </tr>
  <tr>
    <td style="text-align: center">24-months</td>
    <td style="text-align: center">11.02%</td>
    <td style="text-align: center">10.25%</td>
    <td style="text-align: center">10.17%</td>
    <td style="text-align: center">9.48%</td>
  </tr>
  <tr>
    <td style="text-align: center">36-months</td>
    <td style="text-align: center">17.33%</td>
    <td style="text-align: center">10.69%</td>
    <td style="text-align: center">16.36%</td>
    <td style="text-align: center">10.12%</td>
  </tr>
  <tr>
    <td style="text-align: center">48-months</td>
    <td style="text-align: center">23.55%</td>
    <td style="text-align: center">10.78%</td>
    <td style="text-align: center">22.50%</td>
    <td style="text-align: center">10.33%</td>
  </tr>
  <tr>
    <td style="text-align: center">60-months</td>
    <td style="text-align: center">29.51%</td>
    <td style="text-align: center">10.68%</td>
    <td style="text-align: center">28.41%</td>
    <td style="text-align: center">10.31%</td>
   </tr> 
	<tr>
  </tbody> 
</table> 
<small><bold><em>Rates may change from time to time. Kindly visit your nearest Metrobank branch or call our contact center at (02) 88-700-700 for the most updated rates.<br>Domestic Toll-free No-1-800-1888-5775 (using PLDT line).</em></bold></small> 
	
To get your estimated monthly amortization, use Metrobank’s online car loan calculator [here.](https://mcola.metrobank.com.ph/car-loan/loan-calculator) 

Click [here](/articles/loan-rates-and-fees) for the full list of car loan fees. 

**Here are the eligibility requirements for a Metrobank Car Loan:**

1. **Minimum age:** 18 years old 
2. **Minimum income:** Gross monthly family income of PHP 40,000 
3. **Employment:** Minimum of 2 years with current employer 
4. **Self-employment:** Profitable business operation for the past 3 years 
5. **Credit history:** Good credit history with no negative findings

1. Filled-out and signed Metrobank Car Loan Application Form 
2. One valid government-issued ID (preferably passport)   
	
	a.	**For foreigners (SRRV Holders)**: Foreign passport AND one (1) valid Philippine Retirement Authority (PRA) ID  
	b.	**For other visa types**: Passport OR ACR I-Card and Annual Report Fee Official Receipt  
3.	Source of repayment:  

	a.	**For Employed/Salaried Individuals**  
	*	Certificate of Employment (COE) with compensation, position or job title, and date employed or tenure OR latest three (3) months’ electronic pay slips / payroll bank statements OR latest ITR or BIR Form 2316  

	b.	**For OFWs**  
	*	Valid Philippine passport  
	*	Original Certificate of Employment (COE) with compensation, position or job title, tenure, employer’s email (original if land-based OFW) or Latest POEA contract and Certificate of Sea Service with work history and tenure (if sea-based OFW)  
	*	Proof of monthly remittance for the last six (6) months in the name of the OFW or his immediate family members OR three (3) months’ pay slips / payroll bank statements  

	c.	**For Individual Applicants in Business**  
	*	If Single Proprietorship: BIR Form 2303 (Certificate of Registration) AND DTI Certificate of Registration or Business Permit  
	*	If Partnership: Articles of Partnership with names of Partners  
	*	If Corporation: SEC Registration AND Articles of Incorporation and By-Laws, AND Updated GIS with Names of Shareholders and Senior Management  
	*	Latest six (6) months’ bank statements  
	*	If loan exposure > 3MM: latest Income Tax Return (ITR) AND Two (2) years Audited Financial Statements  

*\*ITR needed only for total loans (commercial and consumer) >P3MM*

Apply through our website at https://mcola.metrobank.com.ph/car-loan/apply-now.

Prepare these 3 basic requirements:     
	1. Metrobank Car Loan Application Form    
	2. Identification documents    
	3. Income documents    

Check the complete list of requirements [**here**](https://www.metrobank.com.ph/help#FAQ-Car_Loan-What_are_the_application_requirements_for_a_Car_Loan).    
For further inquiries, you may also call the Metrobank Contact Center at (02) 88-700-700.<br>Domestic Toll-free No-1-800-1888-5775 (using PLDT line).

**What are the advantages of using the Metrobank Car Loan Calculator?**   
	The [Car Loan Calculator](https://mcola.metrobank.com.ph/car-loan) allows you to estimate your monthly payments based on different loan amounts, car loan interest rates, and terms. This helps you plan your budget and choose the loan option that best suits your financial capabilities. The calculator will only be able to provide estimates. The final computation will be done once you complete your application.  

**What are the minimum and maximum loan terms and amount for a Metrobank Car Loan?** 

<table style="undefined;table-layout: fixed; width: 286px"><colgroup>
<col style="width: 158px">
<col style="width: 128px">
</colgroup>
<thead>
  <tr>
    <tr style="color:#ffffff; background-color:#2a317d">
		<th style="text-align: center" colspan="2"><font color="white">Loan Amount</th>
  </tr></thead>
<tbody>
  <tr>
    <td>Minimum Loan Amount </td>
    <td>PHP 350,000</td>
  </tr>
  <tr>
    <td>Maximum Loan Amount</td>
    <td>80% of the car's net selling price</td>
  </tr>
  <tr>
    <tr style="color:#ffffff; background-color:#2a317d">
		<th style="text-align: center" colspan="2"><font color="white">Loan Term</td>
  </tr>
  <tr>
    <td>Minimum Term</td>
    <td>12 months</td>
  </tr>
  <tr>
    <td>Maximum Term</td>
    <td>60 months</td>
  </tr>
	<tr>
</tbody>
</table> 

**How will I pay for my monthly amortization?**  
	You can pay for your monthly amortization via an Auto Debit Arrangement (ADA) from your Metrobank deposit account. 
	
**What are the minimum income requirements?**      
	There is a minimum gross monthly family income requirement of PHP 40,000.  
	
**How long does it take to get my application for a car loan approved?**   
	Processing times may vary, but Metrobank is committed to completing your application in as fast as 3 business days.  
	

Any more questions? View our full FAQs [here](/help#FAQ-Car_Loan).

When you’re ready to take on bigger things, like an upgraded ride, we’re here to help you with a Metrobank Car Loan.

Apply for  
a car loan

We’re committed to providing you with competitive car loan rates! Use our Car Loan Calculator to compute your monthly payments based on interest rates and see if a Metrobank Car Loan fits your budget. 

Compute your monthly payments 

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Your journey to getting a new car or upgrading your old one can be a smooth one with a Metrobank Car Loan. Click here to apply for a car loan today.

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Before you submit your application for a Metrobank Car Loan, here are some key things to keep in mind: 


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Am I eligible to apply for a commercial loan?

<p>For inquiries, you may call our Metrobank Contact Center at (02) 88-700-700, or our domestic toll-free number at 1-800-1888-5775, or send an e-mail to <a href="mailto:customercare@metrobank.com.ph">customercare@metrobank.com.ph</a></p>

<p>Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: <a href="https://www.bsp.gov.ph">https://www.bsp.gov.ph</a></p>

<p>Deposits are insured by PDIC up to P1 Million per depositor.</p>


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Apply for a car loan

Compute your monthly payments

Drive your dreams

Easy application process

Competitive rates

Personalized service

Ready to upgrade the way you travel?

Things to Know

Car Loan Rates

Eligibility

Car Loan Application Requirements

How to Apply?

Frequently Asked Questions